We posted 7 questions in 10 PM Daily Quiz on 27 June, 2016. Thanks for the amazing response. These questions will help you polish concepts based on current affairs. In case you have not attempted them, please attempt them by clicking below.
Q.1) Shailesh Nayak Committee was in news recently for review of:
a) Scheme for Sustainable Structuring of Stressed Assets
b) Coastal Regulation Zone
c) Aviation policy
d) National Urban Livelihood Mission
Answer-b
Explanation:- Click here.
Q.2) Consider the following statements regarding Scheme for Sustainable Structuring of Stressed Assets
1.The banks are allowed to convert up to half the loans of corporations into equity or equity-like securities.
- It also allows the banks to offer any moratorium on debt repayment.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Answer-a
Explanation:–
Under the new scheme, christened Scheme for Sustainable Structuring of Stressed Assets or S4A, the banks are being allowed to convert up to half the loans of corporations into equity or equity-like securities. Any project which has commenced commercial operations and has an overall exposure of more than Rs.500 crore, including unpaid interest, can be brought to this platform, provided the bankers are convinced that the project can service the debt in the longer run. An independent techno-economic viability study can establish this. The banks will also work under the oversight of an external agency, ensuring transparency. This agency will protect the bankers from unwarranted scrutiny by the Central Vigilance Commission and the Central Bureau of Investigation.
Unlike CDR, S4A does not allow the banks to offer any moratorium on debt repayment; they are also not allowed to extend the repayment schedule or reduce the interest rate.
Q.3) Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) provides which of the following services to urban poor
- Shelters
- Institutional credit
- Support to street vendors
Select the correct answer using the codes given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) All of the above
Answer-d
Explanation:-
Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM):
- National Urban Livelihood Mission (NULM) is now renamed as ‘Deen Dayal Antyodaya
Yojana-NULM’ and in Hindi as ‘Deen Dayal Antyodaya Yojana-Rashtriya Shahri Aajeevika Mission’.
Objective:-
- To reduce poverty and vulnerability of the urban poor households by enabling them to access gainful self employment and skilled wage employment opportunities,resulting in an appreciable improvement in their livelihoods on a sustainable basis,through building strong grassroots level institutions of the poor.
- The mission would aim at providing shelters equipped with essential services to the urban homeless in a phased manner.
- In addition,the mission would also address livelihood concerns of the urban street vendors by facilitating access to suitable spaces,institutional credit,social security and skills to the urban street vendors for accessing emerging market opportunities.
Q.4) Which of the following Indian states share border with Bangladesh
- Tripura
- Manipur
- Meghalaya
- Mizoram
Select the correct answer using the codes given below:
a) 1,2 and 3
b) 2, 3 and 4
c) 1, 2 and 4
d) 1, 3 and 4
Answer-d
Explanation:-
Indian States on International Boundaries
| Bordering Pakistan | Jammu and Kashmir, Punjab, Rajasthan and Gujarat |
| Bordering China | Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Sikkim and Arunachal Pradesh |
| Bordering Nepal | Bihar, Uttarakhand, Uttar Pradesh, Sikkim and West Bengal |
| Bordering Bangladesh | West Bengal, Mizoram, Meghalaya, Tripura and Assam |
| Bordering Bhutan | West Bengal, Sikkim, Arunachal Pradesh and Asom |
| Bordering Myanmar | Arunachal Pradesh, Nagaland, Manipur and Mizoram |
| Bordering Afghanistan | Jammu and Kashmir (Pakistan-Occupied Area). |
Q.5) Mangroves and coral reefs are covered under which of the following category as per the Coastal Regulation Zone Notification?
a) CRZ I
b) CRZ II
c) CRZ III
d) CRZ IV
Answer-a
Explanation:-
CRZ I- ecologically sensitive areas such as mangroves, coral reefs, salt marshes, turtle nesting ground and the inter-tidal zone.
CRZ II- areas close to the shoreline, and which have been developed.
CRZ III- Coastal areas that are not substantially built up, including rural coastal areas.
CRZ IV- water area from Low Tide Line to the limit of territorial waters of India
Q.6) Strait of Magellan lies between
a) Argentina and Chile
b) Cuba and Mexico
c) USA and Cuba
d) Cuba and Haiti
Answer-a
Explanation:-Click here
Q.7) Arrange the following countries from west to east
- Panama
- Nicaragua
- Costa Rica
Select the correct answer using the codes given below:
a) 1-2-3
b) 3-2-1
c) 2-3-1
d) 2-1-3
Answer-c
Explanation:– Click here
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